Business interruption insurance was designed to reimburse the insured whose business is severely destroyed or damaged during the time it takes to repair or reconstruct the damaged property.

Question

Quizplus · Accepted Answer

Business interruption insurance is specifically designed to provide coverage for loss of income and other expenses that arise due to temporary closure of business operations caused by damage or destruction to the property. The policy provides financial assistance to the business owner to cover their ongoing expenses such as rent, payroll, and other operating costs until the business is able to resume its normal operations.

Business Interruption Insurance Was Designed to Reimburse the Insured Whose